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Venture Capital for Net Start Ups Down in 08
By Colby Staub on 2009-01-26 16:15:21
Internet based companies held their own in 2008 among businesses receiving VC money, bucking the overall trend of fewer available VC dollars.
Companies that were dependent on the Internet held their own for 2008, gathering nearly $4.9 billion vs. $5 billion the previous year. This accounted for nearly 17% of overall investment.
Software companies represented the largest category in both number of dollars invested and the number of deals. But they took nearly a 10% decline from 2007.
From a broader perspective, young start-ups and clean technology brought in the most venture capital money in 2008, a year that saw overall venture funding drop 8% when compared to 2007.
For the year, clean technology companies ---solar energy and batteries---pulled in $4.1 billion, a nearly 57% increase over 2007 and accounting for 15% of all dollars invested into firms.
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